Short Interest in EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY) Decreases By 83.4%

by · The Markets Daily

EssilorLuxottica Unsponsored ADR (OTCMKTS:ESLOY – Get Free Report) was the target of a large decrease in short interest in December. As of December 15th, there was short interest totaling 4,976 shares, a decrease of 83.4% from the November 30th total of 29,971 shares. Based on an average daily volume of 82,629 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 82,629 shares, the days-to-cover ratio is presently 0.1 days.

EssilorLuxottica Trading Down 0.4%

Shares of EssilorLuxottica stock traded down $0.69 during trading on Thursday, hitting $158.60. 77,196 shares of the stock traded hands, compared to its average volume of 39,439. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.97 and a quick ratio of 0.67. EssilorLuxottica has a 52 week low of $118.18 and a 52 week high of $186.81. The firm’s fifty day moving average is $176.85 and its 200-day moving average is $159.57.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ESLOY. The Goldman Sachs Group reaffirmed a “buy” rating on shares of EssilorLuxottica in a report on Friday, December 5th. Barclays started coverage on EssilorLuxottica in a research report on Tuesday, September 9th. They set an “overweight” rating for the company. Citigroup reaffirmed a “buy” rating on shares of EssilorLuxottica in a report on Thursday, December 11th. Royal Bank Of Canada reissued an “outperform” rating on shares of EssilorLuxottica in a report on Tuesday, October 28th. Finally, Zacks Research downgraded shares of EssilorLuxottica from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, EssilorLuxottica currently has an average rating of “Buy”.

Check Out Our Latest Stock Report on ESLOY

EssilorLuxottica Company Profile

(Get Free Report)

EssilorLuxottica SE is a global ophthalmic optics company formed through the 2018 merger of France-based Essilor and Italy-based Luxottica. Headquartered near Paris, the company combines lens manufacturing, frame design and production, brand management and retail operations to provide a vertically integrated offering across the vision care value chain. Its activities span product research and development, manufacturing, wholesale distribution and retailing of spectacles, sunglasses and ophthalmic lenses.

The company’s product portfolio includes prescription and non-prescription lenses, lens coatings and treatments, and an array of eyewear brands and frames.

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